Gasoline prices climbed back up again in Rhode Island this week while the Massachusetts average remained unchanged from a week ago, reflecting volatility in national gas prices, according to the weekly survey by AAA Southern New England.
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Nortek Inc. posted a loss of $8.3 million for 2013, compared with profit of $9.5 million a year earlier. The maker of home and office security solutions, ventilation and air management products, and heating and cooling systems embarked on a dual-focused investment strategy to improve its supply chain operations while growing its top line.
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Orders for U.S. business equipment fell in February for the second time in three months, signaling corporate investment will be slow to gain momentum following an unusually harsh winter that put a damper on demand.
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U.S. Sen. Jack Reed and U.S. Rep. David N. Cicilline will join the Naval Undersea Warfare Center on April 7 to dedicate a new $24.3 million electromagnetic sensor facility built to accommodate submarine servicing, prototyping and production support.
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Construction employment in Rhode Island rose 1.9 percent in February compared with the same period last year, adding 300 jobs for a total of 16,400 jobs, the Associated General Contractors of America reported Friday.
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Gilbane Building Co. has named Michael McKelvy its new president and chief operating officer, the first non-family member to hold that position since the company’s founding in 1873. McKelvy joins Gilbane as William J. Gilbane Jr., who has served as president and COO since 2004, prepares to transition into a new role as the company’s vice chairman.
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